The Real Deal Miami

SF ranked second for mortgage fraud risk

June 28, 2011 10:10AM

South Florida’s mortgage fraud risk index jumped 10 percent earlier this
year, giving the region the second-highest ranking in the country.
It was ranked 20th at the same time in 2010. “Fraud ebbs and flows,”
said Ann Fulmer, vice president of business relations for Interthinx.
“Whatever schemes are out there are always mutating to take advantage of
the local economy and the weaknesses in lender processes.” Kevin Coop,
the company’s president, said that risk was becoming more prevalent
across the board. According to the company’s Mortgage Fraud Risk Report,
South Florida ranked in the top five for all types of fraud except
income-based schemes. [Palm
Beach Post]